Bill > HB811

This bill amends the 2024-2026 State/Executive Branch biennial budget to establish stricter controls over the expenditure of federal funds. Specifically, the legislation prohibits any unbudgeted federal funds from being allotted or spent without explicit authorization from the Kentucky General Assembly. Any unanticipated federal funds received after January 1, 2025, that were not originally appropriated in the budget cannot be expended without express legislative approval. The bill also modifies existing procedures for reviewing and approving excess restricted funds, requiring budget units to submit detailed reports about potential fund increases and mandating that the State Budget Director review the adequacy of the General Fund Surplus Account before approving additional expenditures. If the General Fund Surplus Account appears insufficient to meet necessary government expenses, the State Budget Director may redirect excess funds to cover those expenses. The bill includes an emergency clause, meaning it takes effect immediately upon passage and approval by the Governor, which underscores the urgency of establishing these financial oversight mechanisms for state government agencies.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/hb811.html